$DIS VALUATION MODEL

DIS (quick overview): Disney appears fairly valued rather than meaningfully undervalued, making analysts’ average price target look too optimistic. The DCF assumes 5% annual revenue growth for five years, adjusted EBITDA margin expansion from 22% to 25%, a 9% WACC and 9.4x exit multiple. Parks, cruises and streaming support growth, but structurally declining linear television remains the key drag.

Read full article (2 min)